Technical Outlook Client Advisory – OrderGlo Accounts
Technical Outlook Client Advisory – OrderGlo Accounts
Gold extended its rally to a new record high on Thursday, as investors turned to the safe-haven asset due to U.S.-China trade tensions and the U.S. government shutdown, with prospects of interest rate cuts further boosting demand. Spot gold was up 0.7% at $4,235.41 per ounce, as of 1012 GMT. Earlier, bullion touched a record […]
Gold prices surged to fresh records this week, climbing as political turmoil in Washington pushed investors into safe havens. The rally comes amid a U.S. government shutdown, after a Republican-backed spending bill failed to pass the Senate. This uncertainty has kept traders biased towards safe havens, with other precious metals also rallying this week. Prior to […]
Gold prices slipped back from hit fresh record highs Tuesday, after having earlier extended their strong run as markets fretted over a seemingly imminent U.S. government shutdown. At 08:55 ET (12:55 GMT), Spot gold fell 0.4% to $3,819.07, falling back from a record high of $3,871.72 an ounce, while gold futures slipped 0.2% to $3,847.50. after hitting a peak […]
To start forex trading, you typically need a minimum deposit ranging from about $50 to a few hundred dollars, depending on the broker and type of account you choose. Most beginner traders start with around $100 to $500 to gain some flexibility and better risk management in trading. While it is possible to start with […]
Gold prices fell in Asian trade on Thursday amid some improvement in risk appetite after U.S. President Donald Trump downplayed fears that he will prematurely fire Fed Chair Jerome Powell. Broader metal prices were also subdued amid pressure from a stronger dollar, which steadied near a three-week high following sticky inflation data for June. But […]
Bitcoin rose Monday, racing to a record high as traders piled into the world’s largest cryptocurrency in anticipation of friendlier crypto regulations under President-elect Donald Trump, who will take office later in the day. At 08:55 ET (13:55 GMT), Bitcoin traded 2.7% higher to $107,750, having earlier hit a record high of $109,590. The crypto rose in […]
The U.S. dollar fell on Thursday as traders digest a slew of mixed economic data to gauge the outlook for the Federal Reserve’s interest rate cuts this year. U.S. retail sales rose 0.4% last month after upward revisions the previous month, data from the Commerce Department’s Census Bureau showed. Meanwhile, the number of Americans filing […]
The U.S. central bank faces no imminent pressure to stop the contraction of its holdings of Treasury bonds and mortgage-backed securities, data released by the New York Federal Reserve suggested on Thursday. The regional Fed bank reported that its recently launched Reserve Demand Elasticity measure essentially held steady as of Jan. 7 at -0.04 relative […]
The U.S. dollar fell on Thursday as traders digest a slew of mixed economic data to gauge the outlook for the Federal Reserve’s interest rate cuts this year. U.S. retail sales rose 0.4% last month after upward revisions the previous month, data from the Commerce Department’s Census Bureau showed. Meanwhile, the number of Americans filing […]
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